SEWER ENTERPRISE FUND
Sewer - Operations
Fund Summary - Fund 420
Fund Description / Budget Highlights
Fund Activity
FY 22-23 FY 23-24 FY 24-25 FY 25-26
Actual Actual Projection Proposed
Beginning Available Fund Balance 10,771,772 $ 9,963,236 $ Revenues
Charges for Services 5,922,758 $ 5,891,836$ 6,053,000 6,235,000 Interest Income 375,085 577,482 238,000 270,000 Rate Stabilization Fund - - 563,051 - Miscellaneous Revenues - - - - 6,297,843 6,469,318 6,854,051 6,505,000 Transfers In - - - - 6,297,843 6,469,318 6,854,051 6,505,000 Expenditures
Salary and Benefits 727,572 756,775 791,861 797,035 Contractual Services (788,378) 1,062,574 461,267 475,100 Utilities 65,929 78,634 90,700 93,400 Maintenance & Repairs 41,507 24,489 51,600 53,200 Sewer Plant Operating Expenses 2,074,018 2,128,446 2,021,734 2,101,700 Other Expenses 5,740 11,262 6,600 6,800 Cost Allocation 258,000 271,061 420,784 433,408 Capital Outlay (5,596) 5,596.00 - - Capital Improvement Projects (CIP) 53 - - - Capital Outlay - Pinole (Hercules' Share) 79,226 652,691 653,000 Debt Service 1,718,554 2,015,183 2,065,350 2,066,304 4,097,399 6,433,246 6,562,587 6,679,947 Transfer Out 13,700,000 147,173 1,100,000 536,680 17,797,399 6,580,419 7,662,587 7,216,627 Changes in restricted reserves (4,092,000)
Net Annual Activity (11,499,556) (111,101) (808,536) (4,803,627) Ending Available Fund Balance 10,771,772 $ 9,963,236 $ 5,159,609$ Debt Service Coverage Ratio 2.28 1.06 1.46 1.23 Operating & Maintenance Reserve (180 days) 990,000
Capital Reserve (Equal to annual system depreciation) 1,002,000 Debt Service Reserve (Equivalent to 1-year of debt service) 2,100,000 This fund accounts for wastewater treatment to the cities of Hercules and Pinole and for the maintenance of the City's sewer lines and related facilities. It is a self-supporting activity which provides services on a user charge basis to residences and businesses.
Sewer - Capital Projects
Fund Summary - Fund 421
Fund Description / Budget Highlights
Fund Activity
FY 22-23 FY 23-24 FY 24-25 FY 25-26
Actual Actual Projection Proposed
Beginning Available Fund Balance - $ - $
Revenues
Charges for Services - $ - $ - - Interest Income - - - - Bond Proceeds - - - - Miscellaneous Revenues - - - - - - - -
Transfers In 13,700,000 147,173 1,100,000 536,680 13,700,000 147,173 1,100,000 536,680
Expenditures
Salary and Benefits - - - - Contractual Services - - - - Utilities - - - - Maintenance & Repairs - - - - Sewer Plant Operating Expenses - - - - Other Expenses - - - - Cost Allocation - - - - Capital Outlay - - - - Capital Improvement Projects (CIP) 3,284,855 10,584,462 1,100,000 536,680 Debt Service - - - - 3,284,855 10,584,462 1,100,000 536,680
Transfer Out - - - - 3,284,855 10,584,462 1,100,000 536,680
Changes in restricted reserves
Net Annual Activity 10,415,145 (10,437,289) - - Ending Fund Balance -$ -$ -$
This fund accounts for wastewater treatment to the cities of Hercules and Pinole and for the maintenance of the City's sewer lines and related facilities. It is a self-supporting activity which provides services on a user charge basis to residences and businesses.